Leigh Himsworth, Head of UK equities at Gartmore, has tipped Heritage Oil (LSE: HOIL) in UK's Investment Week.
Heritage, which operates in Kurdistan and Africa, is singled out because:
- it has a good record of success;
- it is well funded in comparison to its peers; and
- it offers differentiation and diversification from core oil holdings such as BP or Shell.
It is seen as having more upside potential than the "relatively stable assets" of other companies such as Dana Petroleum.
(Source: Investment Week)